Oxford Lane Capital to sell $25-par notes

By Taylor Fox

New York, March 9 – Oxford Lane Capital Corp. plans to price an offering of $25-par notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be offered at par and will be listed on the Nasdaq Global Select Market within 30 days of the issue date as “OXLCL.”

Ladenburg Thalmann & Co. Inc., B. Riley Securities, William Blair & Co. LLC, Incapital and National Securities Corp. are the joint bookrunners.

The company plans to use the proceeds for acquiring investments in accordance with the company’s investment objective and strategies, for general working capital purposes and/or to redeem a portion of its outstanding series 2023 term preferred shares.

Oxford Lane is a Greenwich, Conn.-based closed-end management investment company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.